In 2010, Korea ranked third in Deloitte’s 2010 Global Manufacturing index, a position which it is expected to retain for at least the next five years. It is the world’s sixth largest steel producer, accounts for over 50% of global ship production, and boasts strong global market shares in semiconductior ( DRAM 53%; NANA Flash 47% ) and displays ( LCD 52.5%; PDP 52.1%; OLED 80.2% ). Other industries, including automobiles and chemicals, are also highly competitive globally. The Korean government and private sector continue to invest heavily in tomorrow’s key growth industries.

Korea’s hosting of the world’s fifth G20 Summit Meeting in late 2010 underlined its growing global influence. In 2009, the country ranked 11th globally in terms of the number of conferences held. Korea continues to underline its high global status through active involvement in a variety of global political, economic, cultural and sporting forums.